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Orders for the iPhone 5 topped 2 million in the first 24 hours after Apple started taking them at 12 midnight Pacific time on Friday. That's more than double the amount of iPhone 4S orders on its first full day.

Apple has finally introduced the iPhone 5. Smartphone fans and Apple investors are naturally excited: The very nature of the shiny new handset and the bar-raising nature of some of its features will send out ripples far beyond Cupertino.

Apple reported disappointing third-quarter earnings Tuesday, but investor attention is shifting to the company's most important product, the iPhone 5. Here are some of the new features we expect for the latest version of the iconic smartphone:

In the biggest revamp in wireless pricing in years, Verizon Wireless is dropping nearly all of its phone plans in favor of pricing schemes that encourage consumers to connect their non-phone devices, like tablets and PCs, to its network.

If you haven't bought an iPhone to avoid being trapped in an expensive two-year contract, Leap Wireless subsidiary Cricket has a new prepaid plan with no strings. The savings look impressive, but be warned: You'll sacrifice plenty of what makes the iPhone great.

It's call remote deposit capture technology: Snap a smartphone picture of a check, and deposit it electronically. And while only 3% of banking customers use it now, it could be the killer app that lures most of us into online banking.

Microsoft Kinect -- the camera-based motion controller for the Xbox 360 -- is coming to a computer near you next month. How will an accessory that seems more suited to video games fit with the way you use your PC? Much better than you might guess.

Apple has had a great few weeks of sales with the iPhone 4S, but somehow, it's latest quarterly report sent the stock down nearly 6%. The new CEO blamed the rumor mill for cutting into last quarters iPhone sales, but the real issue may have been more a matter of timing.

Apple finds itself in an unfamiliar place this week. The iEverything giant posted quarterly results on Tuesday that missed Wall Street's expectations. That hasn't happened in years.
While the iPhone 4S delay was the key culprit, the real story is in these seven key numbers that Apple investors should keep in mind.

The early numbers are in, and they're impressive: Apple has sold more than 4 million iPhone 4S handsets during its first three days on the market. And buying a 4S could actually be a smart money move. Unlike past iPhones, the 4S isn't just another well-designed handset -- this one promises tangible productivity gains that could save some serious moola.

This week, Research In Motion's Blackberry network suffered a massive outage that spanned continents and cut off the cellular oxygen to millions. Competing phone carriers and handset makers are certain to jump on the chance to woo some of those frustrated customers.

The National Retail Federation is forecasting a less cheerful holiday season for America's stores, which means shoppers can expect to scoop up big discounts as retailers work harder to get cash registers ringing. But if you want the hottest gifts, you might want to buy early.

The skeptics can say what they like: Chances are that many of us will upgrade to an iPhone 4S. But you may also be on a budget, and tight-fisted enough to resist a fully-loaded new phone -- unless the right deal presents itself. Smart, because there's a way to pay the price you seek; Craigslist and eBay aren't your only options.

The market wasn't exactly blown away by Apple's iPhone 4S announcement yesterday: Shares of Apple bucked the trend on a day when the general market rallied. Where were the special features already beginning to appear on Android smartphones? And where was the salesmanship of former CEO Steve Jobs, sorely lacking in Tim Cook?

It took awhile -- 16 months since last year's iPhone 4 rollout -- for Apple to pull the wraps off its latest smartphone. Was it worth the wait? Consumers will be the ultimate judges, but there are several reasons to believe that your next wireless phone will be the one that debuted in Cupertino Tuesday.